Elliot Harris Posted October 23, 2023 Share Posted October 23, 2023 (edited) Against the Japanese yen, the dollar kept its bid. In early Asia, the USD/JPY pair breached the 150-resistance level to 150.11 before falling back to 149.90. Overnight, the USD/JPY hit a low at 149.67 before rebounding. The lack of follow-through dollar buying at the 150-level suggested that markets remain wary of intervention from Japanese authorities. The fall in the US 10-year bond yield also impeded the dollar from soaring higher. Edited October 24, 2023 by Elliot Harris Link to comment Share on other sites More sharing options...
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